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More Info a. On July 1, a business collected $6,600 rent in advance, debiting Cash and crediting Unearned Revenue. The tenant was paying one year's
More Info a. On July 1, a business collected $6,600 rent in advance, debiting Cash and crediting Unearned Revenue. The tenant was paying one year's rent in advance. On December 31, the business must account for the amount of rent it has earned. b. Salaries expense is $1,300 per day-Monday through Fridayand the business pays employees each Friday. This year December 31 falls on a Thursday. c. The unadjusted balance of the Office Supplies account is $2,600. Office supplies on hand total $1,800 d. Equipment depreciation was $200. e. On October 1, when the business prepaid $6,000 for a two-year insurance policy, the business debited Prepaid Insurance and credited Cash. din need on December och stien Unters to be a contest the nation on the nearby anatos colected 6. debiting and creating and Rentne Theingone Warrentle At December the tone must account for the art of a come Date Accedi Cro De 300 per World through in the simple For This Decemon Thursday ACCS Det Credit Da Jouluhe on entyneeded on December 31 for each one is total themes Record came with latine montre The waited trance of the Once upons 52000 songs 000 Du Account and Explana De G D: 31 1. Encin w $200 Date Action co Debat Crede e. On October 1, when the business prepaid $6,000 for a two-year insurance policy, the business debited Prepaid Insurance and credited Cash Date Accounts and Explanation Debit Credit (e) Dec 31
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